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With Major Showing in Cannes, Aussies Jack Up Funding

ReelPolitik By Anthony Kaufman | ReelPolitik May 10, 2006 at 3:00AM

With Major Showing in Cannes, Aussies Jack Up Funding

Clearly, something is buzzing Down Under. Just a day after my deadline for an indieWIRE story about national waves in Cannes, of which Australia is one of the leading contenders, the Australian government has announced a complete review of its funding mechanisms. Interestingly, none of my email communications with funding orgs last week mentioned the impending shifts. But Variety reports today that an extra $23 million will be allocated over three years to fund dramas and documentaries, and there looks to be a greater openness to private investments, which has long been a weak component of the film industry. (The country's national broadcaster ABC has seen its hours of drama fall from 100 hours a decade ago to around 10 hours in 2005, according to the story.) Let's hope for more films like "The Proposition" and "Somersault" in our future.

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